Comment on YSK: Europe Can Wreak HAVOC On America Without Firing a Bullet.
gasgiant@lemmy.ml 1 day agoThe section you’ve quoted that line from is only talking about privately owned US debt.
As you can see from the actual beginning of the paragraph rather than picking out the words you like at the end.
As I’ve already posted and mentioned right at the start of the pdf
See where it says 44.2% are held by foreign governments. Governments.
In the document from Congress.
About their own national debt ownership breakdown.
Then when we look at the country breakdown of ownership of this debt later on there are plenty of European nations in there.
zloubida@sh.itjust.works 1 day ago
The beginning of the paragraph changes nothing. Two different sentences can have two different meaning; the text says “in the US and abroad”.
Again that’s a worldwide average. It’s not equally distributed. Prove me wrong instead of repeating your error.
Again, this table mixes public and private investor and is then irrelevant. Prove me wrong instead of repeating your error.
gasgiant@lemmy.ml 1 day ago
Nope your turn to prove that none of this debt is owned by European governments.
I’ve provided the most reputable source that says the debt is owned by governments and within their breakdown it says some of those countries are European.
It doesn’t provide a detailed breakdown of private Vs government for these countries but no where does it say that is debt is only privately owned in European nations.
You need to prove that or stop talking nonsense.
Although not technically part of the EU anymore the UK government has confirmed a number of times that it owns US debt. Other nations will certainly do this as well.
Unless you can provide a source that says that no European governments own US debt you’re just making things up.
zloubida@sh.itjust.works 1 day ago
Show me where I said that European governments owned no US debt, please. I said that it was mostly owned by private agents. The keyword here is mostly. Mainly. For the greatest part. Predominantly. Don’t change the terms of the discussion now that you feel cornered.
Of course the UK, Luxembourg, France or Ireland own US bonds. But what is owned by European countries is largely dwarfed by what’s owned in European countries. Not a word in the Congress’s document contradict that, and I provided a source that you conveniently ignored.
So if the European countries sold what they own directly, the effect would be weak. For this idea to work, they’d have to make private agents cooperate, and I don’t think they can.
gasgiant@lemmy.ml 1 day ago
Here we go your own post where you sat they weren’t owned by European governments…
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